Chapter IV · Dissolution and liquidation of the company

Article 195 Dissolution and liquidation

Artigo 195.º · Dissolução e liquidação

Código das Sociedades Comerciais · Decree-Law No. 262/86 · consolidated text checked 26 October 2026

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1. In addition to the cases provided for by law, the company may be dissolved:

1 - Além dos casos previstos na lei, a sociedade pode ser dissolvida:

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a) On application by the successor of a deceased member, if the liquidation of the partnership interest cannot be effected by virtue of Article 188(1);

a) A requerimento do sucessor do sócio falecido, se a liquidação da parte social não puder efectuar-se por força do disposto no artigo 188.º, n.º 1;

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b) On application by a member who wishes to withdraw on the grounds set out in Article 185(2)(a) and (b), if the partnership interest cannot be liquidated by virtue of Article 188(1).

b) A requerimento do sócio que pretenda exonerar-se com fundamento no artigo 185.º, n.º 2, alíneas a) e b), se a parte social não puder ser liquidada por força do disposto no artigo 188.º, n.º 1.

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2. Under and for the purposes of Article 153(3), the liquidators must claim from the members, in addition to outstanding contributions, the sums necessary to satisfy the company’s debts, in proportion to each member’s share in the losses; if, however, any member is insolvent, that member’s share shall be divided among the others in the same proportion.

2 - Nos termos e para os fins do artigo 153.º, n.º 3, os liquidatários devem reclamar dos sócios, além das dívidas de entradas, as quantias necessárias para satisfação das dívidas sociais, em proporção da parte de cada um nas perdas; se, porém, algum sócio se encontrar insolvente, será a sua parte dividida pelos demais, na mesma proporção.

What we checked in this article

The two additional grounds for dissolution on application (successor of a deceased member; withdrawing member) with their cross-references to Articles 188(1) and 185(2)(a) and (b), and the liquidators' duty to call for funds in proportion to each member's share in losses with redistribution of an insolvent member's share, are retained.

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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.

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